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NOTE 4 - COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS AND CUSTOMER ADVANCES (Tables)
12 Months Ended
Jun. 30, 2014
Notes to Financial Statements  
Costs and Estimated Earnings on Uncompleted Contracts

Costs and Estimated Earnings on Uncompleted Contracts

 

   As of June 30,
   2014  2013
Costs incurred on uncompleted contracts  $1,884,984   $1,482,384 
Estimated earnings   1,745,608    1,191,141 
    3,630,592    2,673,525 
Less: Billings to date   3,013,000    2,370,000 
   $617,592   $303,525 

 

 

   As of June 30,
   2014  2013
Costs and estimated earnings in excess of billings on uncompleted contracts  $759,809   $445,742 
Less:  Billings in excess of costs and estimated earnings on uncompleted contracts   142,217    142,217 
   $617,592   $303,525